granarolo company profile
Transcript of granarolo company profile
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GRANAROLO COMPANY PROFILE May 2015
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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AGENDA
GROUP OVERVIEW
FINANCIAL RESULTS
EXPECTED GROWTH UP TO FY16
APPENDIX
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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THE GROUP IN BRIEF
Established in 1957, the Granarolo Group today has:
• 2074 employees at the end of 2014
• 12 production facilities in Italy, 2 in France, 1 in Chile;
• 1037 million euros in net sales (2014);
• 850 thousands tons of milk processed.
A major dairy group in Italy with a recent expansion in the
global market, recognised as:
• 1° contributor to the growth of the dairy markets;
• 1° player in fresh milk market;
• 2° player and leading brand in UHT milk market;
• 3° player in yogurt market;
• 3° player in fresh cheese market.
• 2° player in hard cheese market in France
Distinctive features
Valorization of Italian milk
High quality of raw materials
Control over the entire production chain
Environment protection
Soft technologies
Sustainability
Accountability
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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GRANAROLO VISION
Create well being and enjoyment with the best milk
Successfully anticipate global challenges for a sustainable company and economy
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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THE GROUP STRUCTURE
A lean legal structure created
looking forward to new business
in foreign countries
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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THE BUSINESS MODEL
A production chain that involves:
more than 300 foodstuffs companies;
around 1,000 producers of milk;
a collection organisation with 70 vehicles;
8 production sites in Italy, together with 2 production sites in France acquired through the Codipal
acquisition (March 2013);
1,200 vehicles for distribution (750,000 tons/year of goods transported).
Foodstuffs suppliers
Farms and animal husbandry
Raw milk collection
Processing and packaging
Distribution
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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AGENDA
GROUP OVERVIEW
FINANCIAL RESULTS
EXPECTED GROWTH UP TO FY16
APPENDIX
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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HIGHLIGHTS 2014
1037 +7,6%
vs. p.y. mln/Euro
NET SALES
60 -16,5%
vs. p.y. mln/Euro
EBITDA
26 -37,5%
vs. p.y. mln/Euro
EBIT
9 -26,2%
vs. p.y. mln/Euro
NET RESULTS
122 mln/Euro
NFP
2.0
NFP / EBITDA
202 mln/Euro
NET EQUITY
0.60
NFP / NET EQUITY
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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NEW PRODUCTS 2013-2014 a success story
FRESH
CHEESE
DIVERSIFICATION
YOGURT AND DESSERTS
UHT
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
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AGENDA
GROUP OVERVIEW
FINANCIAL RESULTS
EXPECTED GROWTH UP TO FY16
APPENDIX
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
GRANAROLO STRATEGY TO FACE THE MARKET DOWNTURN
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VOLUMES
SIZE GROWTH
FOCUS ON
FOREIGN
MARKETS
INNOVATIONS
PRODUCTS
DIVERSIFIC.
COST
REDUCTION
PLANS
FOCUS ON
BRAND
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GRANAROLO – COMPANY PROFILE – May 2015 CONFIDENTIAL
1 LA SFIDA:
DA MODELLO REGIONALE A NAZIONALE
2000 2004 - 2011 2012 - 20162000 - 2003
Granarolo diviene
player nazionale
del latte fresco
2 LA SFIDA:
LEADER NEL MERCATOITALIANO
Si attesta leader
italiano nel latte
fresco alta qualità
con il 24,3% del
mercato
3 LA SFIDA:
NUOVI SEGMENTIPRODUTTIVI
Acquisisce
la quota del 10%
sullo yogurt
e del 9% sui
formaggi freschi
4 LA SFIDA:
PRIMA AZIENDAAGROALIMENTAREITALIANA
Parte
il progetto
Granarolo
2016
CAGR
7,2%522mln
CAGR* 11%
CAGR
7,2%690mln
CAGR 9,7%
CAGR
7,2%850mln
CAGR 2,6%
CAGR
7,2%1.500mln
CAGR 12,2%
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GRANAROLO THE GROWTH PATH
*over 1995-2000
THE CHALLENGE:
FROM A REGIONAL
MODEL TO THE
NATIONAL
ORGANIZATION
Granarolo becomes a
national player of the
fresh milk
THE CHALLENGE:
LEADER IN THE
ITALIAN MARKET
Granarolo is
recognized as leader
in the fresh milk
market (high quality)
with a 24.3% market
share
THE CHALLENGE:
THE DIVERSIFICATION
Granarolo achieves
10% market share in
the yogurt market and
9% market share in the
fresh cheese market
THE CHALLENGE:
FIRST ITALIAN
FOOD COMPANY
Granarolo starts
the Granarolo FY16
Project – Up to
1,500mln net sales
in 2016
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GRANAROLO NET SALES BY COUNTRIES & BY BU
8%
NET SALES
FY 11
NET SALES
FY 14
ITALIA
OTHER COUNTRIES
ITALIA
OTHER COUNTRIES
NET SALES
BY BU FY 11
MILK
YOGURT E DESSERT
CHEESE
OTHER PRODUCTS
NET SALES
BY BU FY 14
MILK
YOGURT E DESSERT
OTHER PRODUCTS
CHEESE
34%
10%
46%
10%
60% 20%
12%
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AGENDA
GROUP OVERVIEW
FINANCIAL RESULTS
EXPECTED GROWTH UP TO FY16
APPENDIX
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The Milk Show
The Milk Heritage
Milk Taste
Milk for Life
GRANAROLO ITALIAN MILK EXPERIENCE
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GRANAROLO – ITALIAN PAVILLION